GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 341,358 shares, a drop of 56.8% from the June 15th total of 789,997 shares. Based on an average trading volume of 26,657,621 shares, the short-interest ratio is presently 0.0 days. Approximately 7.2% of the company’s shares are sold short.
Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF
Several institutional investors have recently added to or reduced their stakes in the business. HRT Financial LP acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $822,000. IMC Chicago LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $615,000. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $554,000. Headlands Technologies LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at about $450,000. Finally, XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at about $389,000.
GraniteShares 2x Short TSLA Daily ETF Stock Up 3.4%
Shares of NASDAQ:TSDD traded up $0.26 during midday trading on Thursday, reaching $7.91. The company’s stock had a trading volume of 15,433,131 shares, compared to its average volume of 30,200,764. GraniteShares 2x Short TSLA Daily ETF has a fifty-two week low of $6.57 and a fifty-two week high of $24.20. The firm has a 50 day moving average price of $7.68 and a two-hundred day moving average price of $8.64.
About GraniteShares 2x Short TSLA Daily ETF
The GraniteShares 2x Short TSLA Daily ETF (TSDD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSDD was launched on Aug 21, 2023 and is issued by GraniteShares.
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